Business & Economics
Chemical Activity Barometer (CAB) rose in September, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.6 percent in September on a three-month moving average (3MMA) basis, following a 2.7 percent gain in August. On a…
Artek Surfin Chemicals to acquire Baker Hughes chemical manufacturing facility
Sterling Auxiliaries Pvt. Ltd. (www.sterlingaux.com) and its parent company, Artek Surfin Chemicals Ltd. (Mumbai, India; www.artekchemicals.com) , a leading producer of specialty chemicals with manufacturing capabilities across four continents, have agreed to acquire the land and assets associated with Baker…
U.S. chemical production expanded in August, ACC says
The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.6 percent in August, following a 1.0 percent gain in July and a 1.4 percent decline in June, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). During August,…
2020 CEPCI Updates: July (prelim.) and June (final)
The preliminary value for the CE Plant Cost Index (CEPCI) for July 2020 (the most recent available) increased compared to the previous month’s value, reversing a three-month period of decline. a similar decline prior to July. Three of the four…
Specialty chemical markets in the U.S. improve in August, ACC says
The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) reported that with the recovery in the U.S. economy slowing, U.S. specialty chemicals market volumes rose by 0.5 percent in August, off from an upwardly-revised 2.2 percent gain in July, a 5.0…
CE Voices: Industry Analysis from Deloitte
Deloitte's oil, gas and chemicals lead Duane Dickson discusses a recent analysis from Deloitte on the current state of the chemical industry.
BASF, Sinopec, Dow and LyondellBasell top list of world’s largest chemical companies in 2019 sales
ICIS (London, U.K.; www.icis.com) has announced its annual ICIS Top 100 Chemical Companies listing of global producers ranked by 2019 sales. This year, Germany’s BASF SE (Ludwigshafen; www.basf.com) regained the lead as the world’s largest chemical company with sales of…
Ascend completes acquisition of Italian firms
Ascend Performance Materials (Houston, Tex.; www.ascendmaterials.com) today announced it has completed its acquisition of Italian firms Poliblend and Esseti Plast. With this purchase, Ascend expands its portfolio into other engineered plastics, recycled resins and masterbatches. “Poliblend and Esseti Plast complement…
Weathering the crisis
In March of this year, the World Health Organization declared the Novel Coronavirus Disease, COVID-19, a pandemic. Now, six months later, we are still deep in the grips of this crisis as we experience its far-reaching effects and navigate how…
Business News: September 2020
Plant Watch Phillips 66 to transform refinery into world’s largest renewable-fuels plant August 13, 2020 — Phillips 66 (Houston; www.phillips66.com) plans to reconfigure its petroleum refinery in Rodeo, Calif. to produce renewable fuels from used cooking oil, fats, greases and…